Joseph Schumpeter, the Euthanasia of Capitalism

Frits Holthoon ()
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Frits Holthoon: University of Groningen

A chapter in The First Socialization Debate (1918) and Early Efforts Towards Socialization, 2019, pp 131-144 from Springer

Abstract: Abstract Euthanasia of capitalism means in the case of Schumpeter that the state will control and plan the economy of the future. Applied to the U.S.A. it testifies how little Schumpeter understood of his host country. Starting from the German/Austrian tradition of economic thought with its emphasis on development Schumpeter rather grudgingly came to accept the merit of Anglophone equilibrium analysis as represented by Keynes. However, his History of Economic Analysis reveals that he remained a student of Böhm-Bawerk by regarding fluctuation and change the mainstay of the economic process.

Keywords: Capitalism; Joseph A. Schumpeter; Socialism; Keynes; Böhm-Bawerk; A10; B10; B14; H10 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-3-030-15024-2_10

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DOI: 10.1007/978-3-030-15024-2_10

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